Competitive equilibria in economies with multiple divisible and indivisible commodities and without money

被引:0
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作者
Gleb Koshevoy
Dolf Talman
机构
[1] Russian Academy of Sciences,Central Institute of Mathematics and Economics
[2] Tilburg University,CentER Department of Econometrics & Operations Research
关键词
47H10; 49J40; 52C40; 90C30; 91B50; Fixed point; indivisibles; discrete convexity; competitive equilibrium;
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摘要
A general equilibrium model is considered with multiple divisible and multiple indivisible commodities. In models with indivisibles it is typically assumed that an indivisible commodity, called money, is present that is needed to transfer the value of amounts of indivisible goods. For economies with divisible and indivisible goods and money and without producers it is well understood in the literature that a general equilibrium exists if the individual demands and supplies for the indivisible goods all belong to the same class of discrete convexity.
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页码:321 / 331
页数:10
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